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OKABE CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 5%, July-September Ordinary Profit Decreases by 3%

Tue Nov 12, 2024 3:30 pm JST Earnings

5959 OKABE CO., LTD. 【J-GAAP】

Earnings Report

OKABE CO., LTD. <5959> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 5.3% from the same period last year to 3.36 billion yen. However, The progress rate against the 4.4 billion yen full-year plan was 76.5%, almost the same as the five-year average of 75.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 38.1% from the same period last year, reaching 1.03 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.43 billion yen, a 3.3% decrease compared to the same period last year. However, the operating profit margin improved from 6.8% in the same period last year to 7.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 56,444 3,920 4,080 3,187 67.2 74.6 Oct 28, 2022 J-GAAP
Jan - Sep, 2023 58,162 3,419 3,553 745 16.1 82.6 Oct 27, 2023 J-GAAP
Jan - Sep, 2024 49,623 3,158 3,364 2,332 50.5 76.5 Nov 12, 2024 J-GAAP
YoY -14.7% -7.6% -5.3% +213.0% +213.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 40,131 2,040 2,229 -5,356 -115.7 12.50 Feb 19, 2024 J-GAAP
Jul - Dec, 2024 Guidance 38,187 2,330 2,466 1,461 31.6 15 Jul 26, 2024 J-GAAP
YoY -4.8% +14.2% +10.6% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 76,854 5,271 5,471 3,848 81.3 24 Feb 10, 2023 J-GAAP
Dec, 2023 78,152 4,082 4,303 -5,472 -118.2 25 Feb 19, 2024 J-GAAP
Dec, 2024 Guidance 70,000 4,100 4,400 2,800 60.6 30 Feb 19, 2024 J-GAAP
YoY -10.4% +0.4% +2.3% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 20,141 1,377 1,479 861 18.6 6.8 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 19,990 663 750 -6,217 -134.3 3.3 Feb 19, 2024 J-GAAP
Jan - Mar, 2024 15,671 801 854 578 12.5 5.1 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 16,142 969 1,080 761 16.5 6.0 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 17,810 1,388 1,430 993 21.5 7.8 Nov 12, 2024 J-GAAP
YoY -11.6% +0.8% -3.3% +15.3% +15.7%

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